$40-million Canmore hotel nearing completion

Malcolm Hotel is the Alberta town's first major hotel project in 20 years

By
Western Investor
March 8, 2018





malcolm hotel
Construction nearly complete on the Malcolm Hotel in Spring Creek, Canmore. | Spring Creek Real Estate

 

Canmore’s first major hotel project in 20 years will open by Spring 2018. 

Luxury Malcolm Hotel in Spring Creek is expected to generate over $3.2 million in employment salary and benefits to Canmore locals while contributing to the city’s burgeoning tourism industry.

“Canmore is a highly sought-after tourist destination with minimal accommodation options for the increasing number of visitors,” said Frank Kernick, developer of Spring Creek Real Estate and owner of the Malcolm Hotel. “The Malcolm Hotel meets the demand and provides a luxury option for Canmore while the event centre will attract more visitors.”

The four-star Malcolm Hotel includes 124 suites, restaurant and longue, outdoor heated pool and an 8,800-square-foot event hall. 

Canmore, Banff and Jasper tourism revenue is expected to reach to $10.3 billion by 2020. Tourism at Banff National National Park – less than a 30-minute drive from Canmore – posted a record-setting eight months of visits between April and November 2017, increasing nearly 4 per cent from the previous year. 

Building permits in Canmore doubled from 2016 to 2017, reaching $116.5 million in development activity last year. 

Malcolm Hotel will be managed by Clique Hospitality Management, which currently operates six lodges in Canmore. 


Tanya is a recent graduate of Langara College's journalism program and spent a summer freelancing for The Burnaby NOW and The Record, following a reporting internship with the publications. She joins Western Investor as an editorial assistant. Very much a millennial, she sees the irony in writing about real estate she will likely never be able to afford.
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